MASSON: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MASSON
Largest movements
- Current investments +€34,972
up €34,972 (+231.5%), from €15,108 to €50,080
- Receivables within one year +€21,270
up €21,270 (+559.0%), from €3,805 to €25,075
of which Trade receivables: +€22,096
- Cash -€4,002
down €4,002 (-31.1%), from €12,859 to €8,858
mainly Current investments (-€34,972) and Receivables within one year (-€21,270)
- Stocks and contracts +€3,057
new in 2025: €3,057
- Tangible fixed assets +€2,329
up €2,329 (+2.2%), from €105,926 to €108,256
of which Furniture and vehicles: +€5,858
- Reserves +€21,053
up €21,053 (+223.9%), from €9,404 to €30,457
- Trade debts +€20,470
up €20,470 (+405.6%), from €5,046 to €25,516
- Other debts +€13,254
up €13,254 (+53.0%), from €24,998 to €38,252
- Gross operating margin +€27,922
up €27,922 (+483.1%), from €5,779 to €33,701
- Taxes +€2,105
new in 2025: €2,105
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €147,052 | €204,067 | +€57,014 | +38.8% |
| Fixed assets | 21/28 | €109,050 | €110,729 | +€1,679 | +1.5% |
| Intangible fixed assets | 21 | €3,124 | €2,474 | -€650 | -20.8% |
| Tangible fixed assets | 22/27 | €105,926 | €108,256 | +€2,329 | +2.2% |
| Land and buildings | 22 | €65,430 | €63,361 | -€2,069 | -3.2% |
| Plant, machinery and equipment | 23 | €17,935 | €16,476 | -€1,459 | -8.1% |
| Furniture and vehicles | 24 | €22,561 | €28,419 | +€5,858 | +26.0% |
| Current assets | 29/58 | €38,002 | €93,337 | +€55,335 | +145.6% |
| Stocks and contracts in progress | 3 | - | €3,057 | +€3,057 | |
| Stocks | 30/36 | - | €3,057 | +€3,057 | |
| Amounts receivable within one year | 40/41 | €3,805 | €25,075 | +€21,270 | +559.0% |
| Trade receivables | 40 | €2,904 | €25,000 | +€22,096 | +760.9% |
| Other amounts receivable | 41 | €901 | €75 | -€826 | -91.7% |
| Current investments | 50/53 | €15,108 | €50,080 | +€34,972 | +231.5% |
| Cash at bank and in hand | 54/58 | €12,859 | €8,858 | -€4,002 | -31.1% |
| Deferred charges and accrued income | 490/1 | €6,230 | €6,267 | +€38 | +0.6% |
| Total equity and liabilities | 10/49 | €147,052 | €204,067 | +€57,014 | +38.8% |
| Equity | 10/15 | €116,085 | €137,138 | +€21,053 | +18.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €9,404 | €30,457 | +€21,053 | +223.9% |
| Distributable reserves | 133 | €9,404 | €30,457 | +€21,053 | +223.9% |
| Profit (loss) carried forward | 14 | €86,221 | €86,221 | = | 0.0% |
| Amounts payable | 17/49 | €30,967 | €66,929 | +€35,962 | +116.1% |
| Amounts payable within one year | 42/48 | €30,967 | €66,529 | +€35,562 | +114.8% |
| Trade debts | 44 | €5,046 | €25,516 | +€20,470 | +405.6% |
| Suppliers | 440/4 | €5,046 | €25,516 | +€20,470 | +405.6% |
| Taxes, remuneration and social security | 45 | €923 | €2,761 | +€1,838 | +199.1% |
| Taxes | 450/3 | €923 | €2,761 | +€1,838 | +199.1% |
| Other amounts payable | 47/48 | €24,998 | €38,252 | +€13,254 | +53.0% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,857 | €10,133 | +€276 | +2.8% |
| Other operating charges | 640/8 | €395 | €400 | +€5 | +1.2% |
| Gross operating margin | 9900 | €5,779 | €33,701 | +€27,922 | +483.1% |
| Operating profit (loss) | 9901 | -€4,473 | €23,168 | +€27,641 | |
| Financial income | 75/76B | €118 | €146 | +€28 | +23.7% |
| Recurring financial income | 75 | €118 | €146 | +€28 | +23.7% |
| Financial charges | 65/66B | €96 | €156 | +€60 | +62.5% |
| Recurring financial charges | 65 | €96 | €156 | +€60 | +62.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,451 | €23,158 | +€27,609 | |
| Income taxes | 67/77 | - | €2,105 | +€2,105 | |
| Profit (loss) for the period | 9904 | -€4,451 | €21,053 | +€25,504 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,451 | €21,053 | +€25,504 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.